|
Who do I contact for general information and questions regarding your services?
Our business hours are Monday through Friday 8am - 7pm Eastern Time and Saturday 10am - 4pm Eastern Time. We can be reached at 904-226-0648 or email glenn.keller@bretlinfloridamortgage.com
Can I apply for a loan if I have filed for bankruptcy?
Yes. In most cases, we can provide you with a loan if your bankruptcy discharge is at least 2 years old and you've had excellent credit since the discharge. If your bankruptcy was discharged less than 2 years ago or if your credit problems have continued, it may be more difficult to approve your loan.
Can I finance 100% of my Purchase?
We recommend that you make a down payment. However, if you are not able to make a sizable down payment, we do offer 100% financing and minimal down payment options. These programs are based on your credit score, documentation, etc.
Do you require a minimum loan amount?
Our loan minimums are based on property type and use.
Is there any cost to apply?
No. We do not require an up-front fee to submit an application and begin the loan process. You will be required to make a good faith deposit once your application is in process; however, this payment is not a fee, it is a deposit that will later be credited toward your closing costs.
How do I determine how much I can afford to borrow?
Our calculator is an easy-to-use tool for estimating your buying power. By entering a monthly mortgage payment that suits your budget, our calculator will tally the maximum loan amount you can afford to borrow based on a default interest rate and term. You can also enter today's current rates or a different term for more accurate answers, or you may prefer to speak directly with one of our qualified loan specialists at 1-800-572-5964
I do not have a lot of money for a down payment. Can I still get a loan?
We have a variety of loan programs that offer a loan with a minimal down payment; however, these programs are based on your credit score, emplyment, assets, etc.
Do I have to apply online or can I phone, fax or mail my application?
Although applying online is the fastest and easiest option, we can also fax or express mail our application package to you. We'll do whatever it takes to make you comfortable. Call us Toll free at 1-800-572-5964 and we'll make arrangements to complete the application over the phone, via fax or mail.
Will you check my credit if I complete your online application?
The choice is yours. The sooner we can review your credit history, the faster we can qualify you for a loan and make you an offer. However, if you would prefer to speak with a loan consultant before we review your credit history, we can do that, too. We will only make a credit inquiry if you indicate that you want us to do so by checking the credit box on the last page of the online application.
With that said, we would like to remind you that credit inquiries are only damaging to your credit score when you have too many of them. The good news is that all mortgage-related credit inquiries in a 2-week period are always counted as one transaction. To keep inquires on your report to a minimum, we recommend that you do all of your "comparison-shopping" within a 2 or 3 week period. Don't let fear of credit damage limit the number of applications that you complete.
What documents will I need to provide with my application?
Our streamlined loan process minimizes the number of documents that you are required to provide; however, the actual documents that you need to send us will vary based on your situation.
What criteria do you use to evaluate my loan application?
In addition to the information you submit in the online application, we review your personal finances, including your credit history, employment and income, collateral, liabilities and assets.
What if I don't have an email address?
You must have an email address to complete our online application. However, if you do not already have an email address, there are many websites that offer free email accounts. Hotmail and, Yahoo are two of the most popular providers, and both allow you to set up your email account in a matter of minutes, free of charge. Remember, you can always contact one of our loan officers at 904-226-0648 and have them take your information over the phone, via fax or mail.
How long does it take to complete your online application?
Our application is one of the shortest and easiest applications on the Internet! On average, it takes around 10 minutes to complete.
What is Private Mortgage Insurance or PMI?
Private Mortgage Insurance (PMI) is a type of insurance provided by a private mortgage insurance company that protects us, the lender, in the event that you default on the loan. Mortgage insurance is usually required on a conventional loan when your down payment is less than 20%.
How do I pay for mortgage insurance?
Mortgage Insurance premiums can be paid annually from an escrow account, paid up-front as a closing cost or financed in your loan amount and paid monthly as part of your mortgage payment.
How can I avoid mortgage insurance?
The easiest way to avoid PMI is to make a down payment of at least 20% of the purchase price of the property. However, if you do not have the funds, you may consider a second mortgage loan, sometimes called a piggyback loan. The most common type of second mortgage is an 80/10/10, where a down payment of 10% is made, 80% is financed as usual, and the remaining 10% is financed in a second mortgage at a higher interest rate.
When can I cancel my mortgage insurance?
Typically, PMI will no longer be required once your loan balance falls below 80% of the home value. You can reach this 80% level by:
- Paying off enough of your loan over time to reduce the principal balance
- Your home appreciating (increasing in value) enough that your loan balance is less than 80%, or
- A combination of the two.
Bretlin Home Mortgage of Florida - Call us Toll Free 1-800-572-5964
Keywords: florida home loans, georgia home loans, florida home financing, georgia home financing, Jacksonville home loans, Jacksonville home financing, mortgages, home loans, financing, Jacksonville, Ponte Vedra, St. Augustine, Saint Marys, Kingsbaby, florida home loans, georgia home loans, Jacksonville home loans, florida home financing, georgia home financing, Jacksonville home financing, mortgages, home loans, financing, Jacksonville, Ponte Vedra, St. Augustine, Saint Marys, Kingsbay, Orange Park, Orange Park, florida home loans, georgia home loans, Jacksonville home loans, florida home financing, georgia home financing, Jacksonville home financing, mortgages, home loans, financing, Jacksonville, Ponte Vedra, St. Augustine, Saint Marys, Orange Park, Kingsbay, VA loans, VA mortgage, VA home loans, VA home financing, fha mortgage, fha home financing, fha home loans, va loans, va mortgage, va home loans, va home financing, fha mortgage, fha home financing, fha home loans, georgia va home loans, georgia va home financing, florida va home loans, florida va home financing, georgia fha home loans, georgia fha home financing, florida fha home loans, florida fha home financing, fha mortgages, fha mortgages, va mortgages, va mortgages, fha home loans, fha home loans, fha financing, fha financing, fha, va, fha, va, fha, va, real estate, real estate, real estate.
|
